By Reshmi Basu Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter. Red Lobster has been getting advice from law firm King & Spalding, said the people, who asked not to be identified discussing a private matter.

BING NEWS:
  • Red Lobster reportedly looking for a buyer to avoid bankruptcy filing
    Red Lobster is seeking to hook a buyer as the struggling seafood chain attempts to avoid bankruptcy, according to a report. The fast-casual chain — known for its cheddar bay biscuits and ...
    04/25/2024 - 1:34 am | View Link
  • Red Lobster reportedly considers bankruptcy after $11M loss on endless shrimp
    Seafood restaurant chain Red Lobster is reportedly considering filing for Chapter 11 bankruptcy protection after significant financial blows, including an $11 million loss on endless shrimp. The ...
    04/19/2024 - 12:25 pm | View Link
  • Red Lobster reportedly eyeing bankruptcy filing after major losses from endless shrimp deal
    Red Lobster ... 11 bankruptcy filing as it grapples with growing debt. The seafood restaurant chain has been facing challenges in generating profits with its current leases and labor costs and ...
    04/18/2024 - 3:44 am | View Link
  • Red Lobster considers bankruptcy to deal with leases and labor costs
    Seafood restaurant chain Red Lobster ... leases and labor costs, among other issues. Restructuring discussions are ongoing and a final decision hasn’t been made, they said. Filing for bankruptcy ...
    04/17/2024 - 11:36 pm | View Link
  • REPORT: Red Lobster Mulls Bankruptcy To Renegotiate Leases, Cut Labor Costs
    Law firm King & Spalding advised Red Lobster to mull bankruptcy as the seafood titan looks to cut bait on some long-term contracts and reassess its leases.
    04/17/2024 - 5:27 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News